How do you maximize college financial aid?

HeatherC

Alas...these people I live with ...
Joined
May 23, 2003
Messages
7,523
The other college thread got me thinking about this. We have 3 kids, oldest is in 8th grade so we are five years away. We put money away for college each month, but it is still peanuts to what we will need.

So I started wondering if there are things they look for in awarding aid? Are families better off with a bigger mortgage and no other debt? We have excellent credit with very large credit lines...that are not used. We didn't ask for them, the credit card companies have just given us huge lines of credit. Should we reduce them now?

I'm a substitute teacher part time. Should I stay part time or go full time as far as aid is concerned? (Not talking about all the other reasons to go full time in regards to this topic.)

Things like this I'm curious about. All those things that we should do or know about now to avoid the "we should haves" in a few years.


Any advice would be great!

Appreciate any input from all you seasoned pros.

Thanks!
 

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